Over the years, GSPC has become the only Oil & Gas conglomerate promoted by a state government in India, successfully achieving the objectives set by the Government of Gujarat. The GSPC Group includes twelve companies and institutions, positioning itself as one of the largest exploration and production (E&P) entities with a strong presence across the entire hydrocarbon value chain. The group employs innovative technologies and continuous improvements to enhance its operations in both upstream and downstream segments.
About GSPC Ltd mission
GSPC envisions becoming a globally competitive exploration and production (E&P) and trading company, demonstrating strategic leadership in transportation and seamless integration within the oil and gas value chain. Their focus is on maximizing shareholder value while being responsive to customer needs and committed to environmental sustainability.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 37.63% | 37.63% | 37.63% | 37.63% | 37.63% |
| FIIs + | 16.55% | 16.00% | 16.03% | 15.67% | 15.84% |
| DIIs + | 25.20% | 25.17% | 24.77% | 24.74% | 23.57% |
| Government + | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% |
| Public + | 18.62% | 19.19% | 19.56% | 19.95% | 20.95% |
| No. of Shareholders | 1,59,401 | 1,68,296 | 1,73,763 | 1,80,765 | 2,39,948 |
From June 2023 to June 2024, the shareholding pattern exhibited a consistent holding by promoters at 37.63%. Foreign Institutional Investors (FIIs) showed a slight decline from 16.55% in June 2023 to 15.84% in June 2024. Domestic Institutional Investors (DIIs) decreased their holdings from 25.20% to 23.57% over the same period. The government’s stake remained steady at 2.01%. In contrast, public shareholding increased significantly from 18.62% in June 2023 to 20.95% in June 2024. The number of shareholders also rose substantially from 159,401 to 239,948, indicating growing public interest and participation.
Below are the trading platforms that you can use to purchase GSPC Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| August 2024 | 354.35 | 308.13 |
| September 2024 | 368.53 | 320.46 |
| October 2024 | 361.30 | 314.18 |
| November 2024 | 375.75 | 326.74 |
| December 2024 | 379.51 | 330.01 |
In 2024, GSPC Ltd’s prices are expected to show variability. The maximum price is projected to reach ₹354.35 in August and rise to ₹379.51 by December. Similarly, the minimum price is expected to be ₹308.13 in August, increasing to ₹330.01 by December. This indicates an expected upward trend for GSPC Ltd as the year progresses.
| When | Maximum Price | Minimum Price |
| January 2025 | 383.31 | 294.85 |
| February 2025 | 387.18 | 297.83 |
| March 2025 | 395.31 | 304.08 |
| April 2025 | 391.40 | 301.07 |
| May 2025 | 380.00 | 292.30 |
| June 2025 | 397.10 | 305.46 |
| July 2025 | 389.31 | 299.47 |
| August 2025 | 401.35 | 308.73 |
| September 2025 | 406.17 | 312.44 |
| October 2025 | 416.73 | 320.56 |
| November 2025 | 427.14 | 328.57 |
| December 2025 | 446.37 | 343.36 |
In 2025, GSPC Ltd’s prices are expected to exhibit significant growth. As we step into the year, the maximum price in January is anticipated to be ₹383.31, rising steadily to ₹446.37 by December. Similarly, the minimum price is projected to start at ₹294.85 in January and increase to ₹343.36 by December.
| When | Maximum Price | Minimum Price |
| January 2026 | 459.76 | 353.66 |
| February 2026 | 448.26 | 344.82 |
| March 2026 | 457.23 | 351.71 |
| April 2026 | 466.56 | 358.89 |
| May 2026 | 461.94 | 355.34 |
| June 2026 | 473.49 | 364.22 |
| July 2026 | 464.20 | 357.08 |
| August 2026 | 478.56 | 368.12 |
| September 2026 | 488.13 | 375.49 |
| October 2026 | 500.82 | 385.25 |
| November 2026 | 513.34 | 394.88 |
| December 2026 | 526.18 | 404.75 |
| When | Maximum Price | Minimum Price |
| January 2027 | 531.44 | 408.80 |
| February 2027 | 545.07 | 419.28 |
| March 2027 | 566.32 | 435.63 |
| April 2027 | 555.22 | 427.09 |
| May 2027 | 539.05 | 414.65 |
| June 2027 | 563.31 | 433.31 |
| July 2027 | 552.26 | 424.82 |
| August 2027 | 569.34 | 437.95 |
| September 2027 | 589.27 | 453.28 |
| October 2027 | 604.59 | 465.07 |
| November 2027 | 619.70 | 476.69 |
| December 2027 | 635.20 | 488.61 |
| When | Maximum Price | Minimum Price |
| January 2028 | 647.90 | 498.38 |
| February 2028 | 664.51 | 511.16 |
| March 2028 | 690.43 | 531.10 |
| April 2028 | 676.89 | 520.68 |
| May 2028 | 657.18 | 505.52 |
| June 2028 | 686.75 | 528.27 |
| July 2028 | 673.28 | 517.91 |
| August 2028 | 694.11 | 533.93 |
| September 2028 | 718.40 | 552.61 |
| October 2028 | 737.08 | 566.98 |
| November 2028 | 755.50 | 581.16 |
| December 2028 | 774.39 | 595.69 |
| When | Maximum Price | Minimum Price |
| January 2029 | 789.88 | 607.60 |
| February 2029 | 810.13 | 623.18 |
| March 2029 | 841.73 | 647.48 |
| April 2029 | 825.22 | 634.79 |
| May 2029 | 801.19 | 616.30 |
| June 2029 | 837.24 | 644.03 |
| July 2029 | 820.83 | 631.40 |
| August 2029 | 846.21 | 650.93 |
| September 2029 | 875.83 | 673.71 |
| October 2029 | 898.60 | 691.23 |
| November 2029 | 921.07 | 708.51 |
| December 2029 | 944.09 | 726.22 |
| When | Maximum Price | Minimum Price |
| January 2030 | 962.97 | 740.75 |
| February 2030 | 987.67 | 759.74 |
| March 2030 | 1,026.18 | 789.37 |
| April 2030 | 1,006.06 | 773.90 |
| May 2030 | 976.76 | 751.35 |
| June 2030 | 1,020.72 | 785.17 |
| July 2030 | 1,000.70 | 769.77 |
| August 2030 | 1,031.65 | 793.58 |
| September 2030 | 1,067.76 | 821.35 |
| October 2030 | 1,095.52 | 842.71 |
| November 2030 | 1,122.91 | 863.78 |
| December 2030 | 1,150.98 | 885.37 |
In 2030, GSPC Ltd’s prices are projected to exhibit a strong upward trend. The expected maximum price in January is ₹962.97, progressively increasing to ₹1,150.98 by December. Likewise, the minimum price is anticipated to rise from ₹740.75 in January to ₹885.37 by December. These forecasts indicate a consistent and significant growth for GSPC Ltd’s stock prices throughout the year.
Financial Condition of GSPC Ltd
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 12,244 | 11,535 | 17,991 | 18,117 | 17,295 |
| Expenses + | 9,027 | 7,961 | 14,491 | 14,437 | 13,912 |
| Operating Profit | 3,217 | 3,574 | 3,500 | 3,680 | 3,383 |
| OPM % | 26% | 31% | 19% | 20% | 20% |
| Other Income + | 108 | 130 | 148 | 136 | 248 |
| Interest | 369 | 227 | 112 | 70 | 32 |
| Depreciation | 518 | 542 | 579 | 621 | 664 |
| Profit before tax | 2,438 | 2,936 | 2,957 | 3,125 | 2,935 |
| Tax % | 7% | 25% | 25% | 25% | 26% |
| Net Profit + | 2,279 | 2,192 | 2,231 | 2,342 | 2,184 |
| EPS in Rs | 30.65 | 28.48 | 29.04 | 29.09 | 29.41 |
| Dividend Payout % | 7% | 7% | 7% | 17% | 17% |
GSPC Ltd has demonstrated a consistent financial performance from March 2020 to March 2024, with values expressed in crores. The company’s sales began at ₹12,244 crores in March 2020, reached a peak of ₹18,117 crores in March 2023, and slightly decreased to ₹17,295 crores by March 2024. Expenses followed a similar trajectory, starting at ₹9,027 crores in March 2020, peaking at ₹14,491 crores in March 2022, and then reducing to ₹13,912 crores by March 2024. Operating profit remained stable, with the highest being ₹3,680 crores in March 2023 and the lowest at ₹3,217 crores in March 2020. The operating profit margin (OPM) percentage varied, starting at 26% in March 2020 and stabilizing at 20% in March 2023 and 2024.
Other income for GSPC Ltd increased from ₹108 crores in March 2020 to ₹248 crores in March 2024. Interest expenses significantly decreased from ₹369 crores in March 2020 to ₹32 crores in March 2024, indicating effective debt management. Depreciation costs increased steadily, reaching ₹664 crores in March 2024. Profit before tax fluctuated but remained strong, with the highest being ₹3,125 crores in March 2023 and ₹2,935 crores in March 2024. Net profit showed slight variations but remained robust, with the highest at ₹2,342 crores in March 2023 and the lowest at ₹2,184 crores in March 2024. Earnings per share (EPS) increased steadily, reaching ₹29.41 in March 2024. The dividend payout ratio increased from 7% in the earlier years to 17% in March 2023 and 2024, reflecting GSPC Ltd’s strong financial health and commitment to returning value to shareholders.
FAQS
As of August 2nd, 2024, the share price of GSPC Ltd is around INR ₹340.
Based on various market analyses and expert opinions, the expected share price target of GSPC Ltd by 2024 is around INR 379.51.
As per our analysis, GSPC Ltd in 2025 is expected to trade between ₹292.30 to ₹446.37.
As per our analysis, GSPC Ltd share price target for 2030 would be somewhere between ₹740.75 and ₹1,150.98.
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Conclusion
In conclusion, GSPC Ltd’s financial performance over the past five years demonstrates strong growth and strategic efficiency. Despite fluctuating sales revenue, the company has maintained a strong operating profit margin and significantly reduced interest expenses, showcasing effective cost and debt management. Stable net profits and increased dividend payout ratios highlight GSPC Ltd’s commitment to shareholder value, while consistent earnings per share indicate reliable returns for investors. Overall, GSPC Ltd’s financial resilience, innovative operations, and strategic market presence position it favorably for sustained future growth and profitability.
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